When oil goes bust, can the shale revolution help us get out of it
A lot of energy companies are gearing up for the shale boom.
But as the price of oil rises, there are also concerns about the future of the fossil fuel industry.
As a result, oil producers have been focusing on developing alternative energy sources that could help them transition to a more sustainable energy future.
One of those alternatives could be wind.
According to Bloomberg New Energy Finance, wind power projects are being funded by the United States and other countries around the world.
Wind power, which uses energy from the sun, is one of the few renewable energy sources where companies can build projects and make money by selling electricity generated.
While this might be attractive for some, Bloomberg notes that many projects have been plagued by environmental issues.
For example, the Obama administration has been pressuring the country’s oil companies to cut emissions from coal-fired power plants.
But some environmental groups argue that the government is only pushing coal-burning power plants to increase the amount of emissions they emit.